These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number each year in order to meet their renewable energy obligations. The value of STCs fluctuates depending on market conditions, but homeowners can typically receive a significant discount on the upfront cost of their Solar system by selling their STCs.
In addition to the SRES, there are also state-specific Solar rebates available in some parts of Australia. For example, the New South Wales Government offers the Empowering Homes Program, which provides interest-free loans for Solar and battery systems to eligible households. Similarly, the Victorian Government has the Solar Homes Program, which offers rebates and interest-free loans for Solar panels and batteries.
It’s important to note that the availability and details of Solar rebates can vary depending on factors such as location, system size, and eligibility criteria. It’s recommended to check with your local government or relevant authorities to determine the specific rebates and incentives available in your area.